Polaris Software Lab has posted a 30% decline in consolidated net profit at Rs 14.42 crore for the quarter ended June 30, 2007 (Q1FY08) when compared with Rs 20.27 crore for Q1FY07.According to an official release issued by the company to the BSE today, total income for the quarter has increased to Rs 266.03 crore from Rs 232.39 crore for Q1FY07.On a stand-alone basis, the company has posted a net profit of Rs 13.06 crore for the quarter ended June 30, 2007 as compared to Rs 17.49 crore for the quarter ended June 30, 2006. Total Income has increased to Rs 231.70 crore from Rs 189.61 crore in the corresponding previous quarter.
